In the field of encryption, the weekly financing exceeded 150 million USD, and the AI cybersecurity company Octane secured 6.75 million USD in seed funding.

Last week, there were 17 financing events in the global Blockchain sector, with a total scale exceeding 150 million USD, showing a significant rise compared to the previous two weeks. The main investment directions include:

In the DeFi sector, there are 3 incidents, among which the yield-bearing stablecoin protocol Cap has secured $11 million in financing, with participation from Franklin Templeton and others.

In the Web3 gaming sector, DashFun has completed a new round of financing, with participation from certain trading platforms.

In the Web3+AI field, AI cybersecurity company Octane has completed a $6.75 million seed round of financing, led by Winklevoss Capital and others.

In the field of infrastructure and tools, two incidents occurred; the L2 project OpenZK Network completed a $6 million early funding round, with participation from Animoca Brands and others.

Other categories rose, the crypto dining application Blackbird Labs completed a $50 million Series B financing round, led by Spark Capital.

In the decentralized finance sector, 3 incidents occurred, and the cryptocurrency insurance company Meanwhile completed a $40 million Series A funding round, led by Framework Ventures and others.

The specific investment and financing events are as follows:

DeFi

The yield-generating stablecoin protocol Cap has completed a $11 million financing, which will be used to develop the stablecoin engine, with plans to launch later this year. The Cap system is designed to allow users to earn passive interest or yield based on tokens.

Bitcoin mortgage lending platform Firefish has completed a $1.8 million seed round of financing. The funds will be used to expand the institutional lending program, covering more investors and high-net-worth individuals seeking traditional investments in the Bitcoin space.

The Bitcoin DeFi aggregation protocol Sats Terminal has completed a $1.7 million Pre-Seed round of financing. The new funds will be used to expand its platform and further develop the infrastructure. Sats Terminal aggregates major Bitcoin DeFi protocols, allowing users to access the best staking yields, token exchange rates, and bridging options through a single interface.

Web3 games

DashFun has completed a new round of financing to create an AI-driven Web3 gaming ecosystem. DashFun is a Web3 gaming platform based on Telegram mini-programs, and it plans to expand to other social platforms such as Line and Kakao in the future.

Web3 gaming startup Gunzilla Games has received strategic investment from a certain institution, with the specific amount undisclosed. Gunzilla Games is the developer of the dystopian cyberpunk shooting game "Off The Grid."

AI

AI cybersecurity company Octane has completed a $6.75 million seed round financing. The funds will be used for product development, expanding the engineering team, and increasing influence. Octane advocates for complementing passive audit models with always-on AI defenses, currently focusing on smart contract vulnerabilities.

Plastic Labs completed a $5.35 million Pre-Seed funding round and launched the AI identity platform Honcho. Honcho provides user identity modeling and social cognition capabilities through a cloud API, helping developers build AI agents with personalized memory and adaptability.

The Web3 AI project DecentralGPT has completed $3 million in angel and Series A strategic financing. The project team will accelerate the advancement of core modules such as multimodal large model support and zero-knowledge proof privacy layer development. DecentralGPT is a decentralized large language model infrastructure.

Infrastructure & Tools

The L2 project OpenZK Network has completed early financing of $6 million. The funds will be used to support technology research and development as well as ecological construction. OpenZK is a Layer 2 solution based on ZK rollup technology, integrating native ETH staking, liquidity re-staking, and stablecoin staking.

The modular blockchain platform Plume has received strategic investment from a certain fund. The financing will accelerate the development of Plume's full-stack infrastructure, consolidating its leading position in the RWAfi field. Plume is building an EVM-compatible blockchain environment and full-stack infrastructure.

Other

The crypto dining app Blackbird Labs has completed a $50 million Series B funding round. Blackbird is a restaurant loyalty and payment application where users can earn internal cryptocurrency FLY rewards. Blackbird launched its own Blockchain Flynet in February.

The Web3 financial education platform BugsCoin has completed a $12 million Series A financing. The new funds will be used for global expansion and localized educational projects, upgrading decentralized asset management protocols, and developing AI-driven advisory tools.

The decentralized reading platform Libraro has received approximately $1.28 million in investment from a certain organization. Libraro utilizes Blockchain technology to protect author identity, prevent copyright infringement, and enhance the transparency of ownership and distribution rights.

The social communication protocol Towns has completed a $10 million Series B financing. Towns is committed to building on-chain communication infrastructure to promote the development of Web3 social and collaboration tools.

Centralized Finance

The cryptocurrency insurance company Meanwhile has completed a $40 million Series A funding round, reaching a valuation of $190 million. Meanwhile will use the funds for global expansion and ensure that its products comply with regulatory requirements. Its life insurance policy allows customers to pay premiums with Bitcoin.

The crypto payment center Lyzi has completed a seed round financing of approximately $1.4 million. Lyzi is built on the Tezos Blockchain and allows consumers to use cryptocurrencies for everyday payments in retail and e-commerce environments.

The tokenization platform Progmat has completed its Pre-A round of financing, with shares held by four institutions including MUFG being diluted. Progmat is one of the two main licensed Blockchain networks in Japan for issuing digital securities, and its platform will issue a yen stablecoin on a public blockchain.

Venture Capital Fund

An institution has opened applications for a $250 million liquidity fund to support the development of medium and large-sized cryptocurrency projects.

Mantra has launched a fund of approximately $108 million to support the tokenization of real-world assets and DeFi. The fund will deploy capital to global "high-potential blockchain projects" over the next four years, with a particular focus on RWA and DeFi.